$QQQ Monthly Wave Count Update
The original count was published on 03/25/2023 when QQQ was trading near 312.
The first update was posted on 09/19/2024 when QQQ was trading near 491.
Today QQQ is trading above 700 and the larger degree 5th wave remains in progress.
This is not a trading wave count.
It is an investor map designed to identify the primary trend and the long-term path of least resistance.
Monthly wave counts are measured in years, not weeks. The objective is not to forecast the next pullback, but to track the progression of the larger secular advance as it unfolds over time.
With Q2 ending in a few weeks and the AI-driven expansion continuing across semiconductors, cloud infrastructure, and data centers, it is time to update the count and extend the 5th wave projection.
The market will continue to experience corrections, pullbacks, and periods of volatility along the way.
The larger framework remains intact.
$SPX $SPY
There's one stock on my watchlist that I think could shock everyone with a 10x move over the next 1-2 years.
It's $MARA.
Most people still think MARA is "just a Bitcoin miner"
I think the market is massively underestimating what they're becoming.
This is slowly turning into a power + AI infrastructure play at the exact time compute demand is exploding.
Technically, the setup is getting very interesting too.
A clean breakout and close above the $19 trendline could trigger a massive Wave 5 move toward new ATHs.
And before people say "that's impossible"..
$UUUU formed a very similar structure before its breakout and went nearly 10x in 2025.
Wouldn’t be shocked if $MARA becomes one of the biggest surprise winners of the next cycle 👀
$QQQ Monthly wave update.
On March 25, 2023 I posted a long-term monthly Elliott Wave count on QQQ when price was 312.
On Sept 19, 2024 I updated the exact same wave count at 491.
Last Friday QQQ closed near 712 after reaching the projected 100% extension target at 708.61 nearly to the penny.
From the original 2023 roadmap:
QQQ rallied roughly +128%.
Time from first projection to target completion:
~3 years and 2 months.
People think Elliott Wave is just random lines and subjective counts.
Real wave analysis combines:
• price
• time
• momentum
• channel geometry
• Fibonacci expansions
• wave progression
The bigger picture?
QQQ has been rising inside this secular channel for decades and still has NOT tested the upper 5th wave channel resistance yet.
The original 5th wave target has now been extended using higher Fibonacci expansions and broader channel projections.
Wave counts evolve.
The primary wave count remains intact.
No predictions.
Just wave structure doing the work.
$SPX $SPY
$MSTR 3M/1M/4h
Fast .382 retracements printing on the macro setting up a 1K w5 target/🎃2027. Twin .618 zigzags on the monthly as price breaks record volume. Nested 2's get lanced on the 4h, channel and median line/confluence for another fib/time target.... 🎯
📊 Stoch pressed to 12 on the monthly, now hooking higher from the deepest oversold reading in years.
🌊 POC is currently acting as a massive liquidity sponge, soaking up the Michael Saylor drop to build a high-conviction floor in the .382 zone.
🎭 Social 85% bullish, Trad 45% bullish
Retail is betting on the "MSTR Premium" and a massive short squeeze, while TradFi is tied to the BTC volatility and corporate debt obligations.
📊 5/5 earnings, volatility explosion expected.......💓
#MSTR #COIN #BTC #ETH